Lending to grain producers
Loans against pledge of warehouse receipts
Lending against pledge of warehouse receipts is a specific product for grain producers and traders registered according to the Grain Storage and Trade Act. Unionbank is distinguished in providing the service because of the attractive terms and opportunities it offers.
The benefits:
- Quick and easy procedures with minimum documentation required;
- Favorable interest rate;
- No limitation on the number of warehouse receipts placed as collateral;
- Choice in how you use the funds and when is the most appropriate time for grain sale or purchase to obtain a better price;
Terms and conditions:
- Present your contract and warehouse receipts for grain storage (wheat, barley, corn or sunflower) issued by а licensed public warehouse that works with Unionbank.
- Loan amount – up to 85% of the market price of the grain. The actual amount is determined by:
- Quantity of the grain as per the warehouse receipt;
- Quality parameters of the grain.
- Loan term – determined by the term of the warehouse receipt.
- Loan approval – within 5 working days if all necessary documents are submitted.
- Repayment schedule - single repayment on the maturity date.
- Collateral - pledge of warehouse receipts.
For further information please contact your favourite financial center of MKB Unionbank. Our kind consultants will help you with pleasure.